Road And Infrastructure Cess

Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion rupees worth of railway projects

The development comes at a time when the shipping ministry stares at under-utilisation of assets since there has been slow progress on road and railway connectivity projects

While excise revenues have broadly been kept unchanged, states don't get a share in new cess created by reducing excise on fuel